Spring property in the Cotswolds
The spring market in the Cotswolds has been “delayed due to the unseasonal weather”, according to The Buying Solution’s Cotswold and Central team, leading to a shortage of stock on the market, particularly in the popular northern part of the region.
“The traditional spring selling season has barely emerged, so there’s currently a real dearth of new property on the market,” said Jonathan Bramwell, Head of the Cotswolds and Central team at The Buying Solution, “particularly in the “golden triangle” area north of Oxford around Chipping Norton and Stow-on-the-Wold. However, there is no shortage of buyers, so if there are any vendors sitting on the fence, now really is the time to consider selling.
“Although there’s little coming to the market in the north of the Cotswolds, there is a completely different picture in the south around Cirencester and Malmesbury. We estimate supply here will be 65% more than last year, whereas to the north of the A40, it is probably down by 70%. Vendors and agents still need to be mindful of ambitious prices – despite the lack of supply elsewhere, buyers are prepared to wait if the property isn’t priced correctly.”
Plans for 16,000 new affordable homes in Edinburgh
Thousands of new affordable homes could be built in Edinburgh – including the Craigmillar area – over the next decade if planners give the green light today to a major new plan which is hoped will bring in investment and create thousands of jobs in the construction industry.
Positive outlook predicted for student accommodation investers
Knight Frank has forecast a 9.2% annual return from UK student accommodation investments. James Pullan, head of Knight Frank Student Accommodation, said: “Student property is one of the most successful real estate asset classes, thanks to stability of demand for student bedrooms from all over the UK. The market is still structurally undersupplied in all core University cities.”
NAEA warnings about quick-sell property websites
The National Association of Estate Agents (NAEA) has reported a sharp rise in the number of property companies offering sellers a quick sale service and is urging sellers to use common sense before going through with such sales. “Our members have noticed a significant increase in the number of companies purporting to offer cash purchases on properties in whatever condition within 24 hours,” said Mark Hayward, President of the NAEA. “While this might sound like a great solution for people looking to sell their property in a hurry, we are finding that it is often families who are in desperate financial circumstances which are targeted through website advertising and a door-to-door sales approach.
“The tough economic conditions mean that in some cases sellers are pressurised into making quick decisions to sell their property. They sign the contract at an agreed price only to find that they are offered a vastly reduced rate just before the sale. In a highly pressurised situation it is understandable that many people are following the advice of quick sell services to accept these last-minute lower offers. But I would urge anyone thinking of using this kind of service to first consult their local NAEA estate agent or consider using a National Association of Valuers and Auctioneers accredited auction house which are far better regulated and will guarantee a fair market rate for the property.”buying house, real estate, selling house
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